From 23rd February 2026, American Express is
devaluing Membership Rewards (MR) points by as much as 33% for miles redemption. This means that you will get fewer miles for the same number of points used when the changes kick in, so
you would want to redeem your points by 22nd February 2026.
18% to 33% fewer miles depending on airline
Points transfer to
most airlines, including carriers like Singapore Airlines and EVA Air, will suffer a 18% to 20% devaluation. Transfers to Emirates see the largest hit with a staggering 25% to 33% devaluation.
| Airline Partner |
Current Rate until 22nd February 2026 |
Rate From 23rd February Onwards |
Devaluation |
| British Airways
Cathay
EVA Air
Malaysia Airlines
Qantas Airlines
Singapore Airlines
Thai Airways |
450 MR Points
= 250 miles
(Standard)
400 MR Points
= 250 miles
(Platinum Charge) |
550 MR Points
= 250 miles
(Standard)
500 MR Points
= 250 miles
(Platinum Charge) |
18%
(Standard)
20%
(Platinum Charge) |
...
